We investigate the day-of-the-week effect in relation to bid ask spreads determinants by employing a comprehensive dataset of international equity markets from 2000 until 2015 incorporating different market phases, such as various booms and crashes. To this end, we apply a battery of tests...

This research examines the impacts of Credit Rating Agencies (CRAs) on bank performance in general, and in particular how their impacts can be moderated by bank regulation strictness and investor protection quality embedded in different institutional environments. Using 2398 observations from...

This paper examines the productivity growth of banks around the world. We opt for a novel parametric methodology that decomposes productivity growth into different components, and in particular into a ‘shadow' quasi-fixed input that would impose negative externalities to bank performance....